CoreLogic slashes 2014 mortgage origination estimate by 10%
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"CoreLogic is off to a strong start in 2016. Over the first three months of the year, we delivered significant top line growth and record free cash flow. Despite an estimated 10% decline in U.S. loan originations, we also increased adjusted EBITDA and adjusted EPS while reinvesting for sustained stakeholder value creation," said Anand
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The year-over-year decline in operating income was primarily driven by legal settlement costs totaling approximately $18 million and the impact of an estimated 25% decline in U.S. mortgage loan origination volumes that collectively more than offset the revenue upsides discussed above, as well as the benefits of ongoing productivity and cost.
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The corelogic mortgage fraud Brief analyzes the metro areas with the highest mortgage fraud risk on a quarterly basis, and offers quarterly mortgage fraud insights based on analysis of trends found in residential mortgage loan applications processed by LoanSafe Fraud Manager.
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— 2015 U.S. new purchase and refinancing mortgage origination unit volumes equivalent to 2014 levels. — 10%-15% appreciation of the U.S. dollar against the Australian and New Zealand currencies. — Completion of TTI Phase I by mid-2015; estimated 2015 savings of approximately $10 million.
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CoreLogic slashes 2014 mortgage origination estimate by 10%.. The company said that the increase was "despite an estimated 50% contraction in U.S. mortgage volumes.". Citing the shrinking mortgage market and current trends, CoreLogic (CLGX) has slashed its estimate for 2014’s mortgage originations by 10% to approximately $1 trillion.
CoreLogic Reports Fourth Quarter And Full-Year 2014 Financial Results. organic growth and acquisition-related revenues more than offset the impact of an estimated 5% decline in mortgage.
accurately estimate this behavior. The data include prime and subprime loans in more than 30,000 zip-codes across the nation, a wide range of mortgage products, and detailed origination and monthly performance records for each loan. We study over 3.5 billion loan-month observations that span 1995 to 2014, and examine the role of a broad set of.